Background on Purpose Trusts -
The private discretionary trust is the most widely known form of trust where trustees are given a fund of money to manage and distribute amongst certain named or described beneficiaries who...more
Despite mounting environmental concerns and political pressure around the use of private jets, the private aviation sector continues to experience strong growth, particularly in the Middle East and Asia. With increasing...more
5/17/2024
/ Asia ,
Aviation Industry ,
Beneficiaries ,
Bermuda ,
Cayman Islands ,
Corporate Structures ,
Middle East ,
Offshore Companies ,
Ownership Interest ,
Registration Requirement ,
Trustees ,
Trusts
With its well-respected regulatory regime and highly regarded professional services industry, Bermuda continues to be an ideal location for the creation of an international philanthropic or charitable structure. Companies and...more
A recent decision of the Bermuda Supreme Court has dealt with the question of whether a change of governing law of a trust and disapplication of the rule against perpetuities will result in a resettlement of the trust....more